Layoffs are a last resort looming for more US companies

By Amara Omeokwe
Published 5 Min Read

Man in suit sitting outside with head in hand, worried, sad
Adobe Stock

The Federal Reserve’s ability to avert a downturn rests in part on just how long a post-pandemic irregularity can continue: labor hoarding

Even with interest rates at the highest level in more than two decades and signs of a cooling economy, businesses scarred by pandemic-era worker shortages have largely avoided layoffs. Instead, they’ve pulled back hiring, trimmed job openings and reduced hours.

Amara Omeokwe

For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form